Losing the opportunity to buy people’s houses

Hard to manage

After more than 1 month of borrowing everywhere, Tran Bich Thao and her husband (Ha Dong, Hanoi) managed to buy more than 1 billion VND to buy a 2-bedroom apartment in a project in the suburbs of Hanoi. With that money, she and her husband were forced to borrow more banks. If granted a loan, Thao and her husband are eligible to pay the debt of 1 billion dong within 20 years, paying the principal and monthly interest of about 15 million dong.

Ms. Thao contacted a number of banks in Ha Dong district. Some credit officers have just received the information but have not promised her anything in advance because of the general information that banks are reducing the rate of real estate loans.

“My wife and I have always had the dream of owning a house to settle down after nearly 15 years of working in Hanoi. But house prices are always increasing, the salary of the couple cannot keep up. If not Bank loan At this point, wait until you have enough money, the house price is already sky high, “said Thao.

Currently, she and her husband are actively looking for banks to lend a credit so that they can fulfill their lifelong dream of “settling down and settling down”.

Sitting on the fire when he signed a contract to buy and sell an apartment but still could not find financial resources from the bank, Nguyen Van Cuong (Quoc Oai, Hanoi) said that he bought an apartment in Ha Dong for more than 2 billions dong. He and his wife borrowed about 800 million VND from a bank, repaying the loan within 20 years.

His apartment loan application was approved before, but suddenly in early April, the bank staff announced that they could not disburse because the credit quota for real estate loans was exhausted. He and his wife are running around trying to find other doors if they can’t get a bank loan.

“My wife and I haven’t eaten well this week, haven’t slept well. Buying a house has not been happy yet, but if credit is tightened, real home buyers will face a lot of difficulties,” he said.

The market is in trouble

According to HoREA, the housing price index of our country is more than 20 times higher than the average income of the society, making it difficult for many households and individuals to create a house (compared to industrialized countries). development, the house price index is only 6-7 times higher than income).

Many families, especially young families, find it difficult to buy an apartment or a small house in the city. In particular, housing prices have skyrocketed in recent years and without a loan, almost no one has the opportunity to buy a house.

It is estimated that the housing segment for nuclear families, who are young couples, has steadily increased by about 20% per year in cities with the world’s leading urbanization rates such as Ho Chi Minh City, Hanoi. Interior. Finding home loan packages from banks is a suitable and effective solution at this time.

Meanwhile, according to statistics of the Ministry of Construction, the supply of commercial housing in the first quarter of this year has not improved, especially the number of newly licensed projects is only about 41%, of which the number of newly licensed projects is only about 41%. apartments of the projects are equal to about 49% compared to the same period in 2021. Experts say that, in order to tighten speculation and increase supply to meet people’s demand for housing, comprehensive solutions are needed.

Mr. Vu Dinh Anh – economic expert said that people who really need to own real estate will face difficulties. Whether to live or invest, it is undeniably a legitimate need, especially in the context that the home ownership rate of Vietnamese people is still very low, the demand for housing is still very large.

“While the demand is very large, the supply of real estate in recent years has been too scarce. That means, people’s demand for housing is real and needs to be ensured,” Mr. Anh said.

Economist Dinh Trong Thinh said that recently, there have been many reflections that some banks have stopped accepting new documents or disbursing disbursements. Real estate tightening aims to eliminate speculation, but according to Mr. Thinh, for those wishing to buy houses or businesses, they should create opportunities. Mr. Thinh expressed his opinion and said that it is only necessary to increase control of the application process and tighten the flow of capital into weak businesses.

According to Mr. Anh, real estate credit is inherently a safe loan when associated with large and reputable investors and vice versa. The bank’s deposit interest rates have increased over time, but not much. If the bank continues to tighten credit, the bank may be “in the situation” of excess capital.

This expert emphasized, it is necessary to change the approach in the direction of ensuring credit granting to reputable investors, having feasible projects, implementing on schedule, and having good liquidity. Meanwhile, weak investors, inefficient projects must tighten.

Duy Anh

After just one phone call from the ‘stork’, the land price was inflated by 4 million VND/m2From the phone call asking to sell the land for 18 million VND/m2 to the phone call from the land buyer, the land price was pushed up by Toan’s “trigger” to 22 million VND/m2.